OUTSTANDING BALANCE

12.23.12

Steve Jobs’s Yacht Impounded

Ed Oudenaarden/AFP/Getty

It’sonly fitting that Steve Jobs’s personally designed yacht would be described as “showing the elegance of intelligence.” Unfortunately, theApple CEO passed away before his high-tech boat ever went to sea. Even more unfortunate for his family, the yacht’s designer, Philippe Starck, is now claiming that they owe him an outstanding €3 million for the project. He’s called the debt collectorsand had the yacht impounded in the Port of Amsterdam. Jobs commissionedStarck, known for such designs as a spaceship-shaped aluminum lemon squeezer, to create his minimalist yacht named Venus. The two worked on it together for five years, and as Stark’slawyer explained, “Theseguys trusted each other, so there wasn’t a very detailed contract.”